The market was quiet for much of the day before news of a ten car, $0.3200 packer BFT trade got out. Renderer tallow followed suit with three cars trading at $0.3200 Chicago. More packer trading was done at $0.3200 later in the day, eight cars. All trades were for the 30-day position. Tech tallow is unquoted, but bids have been reported as high as $0.3500 – $0.3550.
With strong biodiesel demand and tight supplies,…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...